3. How much can you borrow for your Spanish mortgage?

For your second residence and as a non-fiscal resident, a bank will finance no more than 70 % of the value of your property. We call this the “Loan to Value” (LTV: i.e.: the amount of mortgage you can get divided by the value of your property before tax), but this % is only for good enquiry. This means that you would need to invest at least 45% of the property value with your own pocket.

How did we found this percentage? 45% = 100% + 15% costs for buying the property – 70% of mortgage!

4. What rate should you take for your mortgage? Variable or Fixed?

There are a wide range of mortgages available

Most of the banks provide a wide range of mortgage: variable, mixed and fixed rate. Due to the current rate environment, with short-term rates, Euribor, close to 0% and long-term rates very low, borrowers are taking the opportunity to get long-term rates at fixed prices. Before more than 90% of mortgages were issued as variable, nowadays this percentage is lower and 60% of the newly issued mortgages are issued with variable rates while 30% of newly issued mortgages are issued with fixed rates.

8. What is the activity on the Spanish mortgage market in 2018?

345.186 mortgages issued in 2018

During the year, we had more than 345.000 mortgages issued in Spain while more than 570.000 properties where sold. In 2017, the number of mortgages issued was slightly above 310.000, that is a 10% growth year over year.

About Us

Our founders started this website as they had to go through the hassle of the Spanish residential market themselves a few years ago and noticed that there was no answer on the market.
They joined forces with experts in Spain and made real knowledge available to all.
This website will help you decrease the uncertainty regarding your project: learn about the market and the processes associated with your purchase and decrease the risks thanks to the help of our network of independent experts.